Investments in Mozambique: Nyusi reiterates facilitation

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Investments in Mozambique: Nyusi reiterates facilitation

1:42 CAT | 20 Feb 2017

Notícias

Mozambique’s President Filipe Nyusi reiterated the government’s willingness to comply with the facilitation and implementation of investments in the domestic and foreign private sectors in order to create more jobs for nationals and improve their families’ income.

The president was speaking on Saturday in the port city of Nacala, Nampula province, where he inaugurated three major industrial and tourism enterprises, namely the metalworking company Martifer Amal, Agro Indústria and Nacala Plaza Business Design Hotel.

At Martifer, the president learned that the new factory’s capacity is much greater than the current one, as it expands its markets.

“Broaden your activity more”, he urged, expressing satisfaction that the company could now fabricate metal bridges and parts of the infrastructure being built in the cities of Maputo and Beira. “Now they can also assist our oil and hydrocarbon companies,” Nyusi said.

At the Export Processing Group (ETG), Filipe Nyusi congratulated the managers once again for their investment, repeating that in Beira, Nampula and Chiúre, in the latter two where they set up cashew processing industries.

“More than just the opening of an industrial unit, we have witnessed the expansion of the business activity of the Export Trading Group, thus boosting the industrial fabric of Mozambique. This type of investment happens when investors assess the situation and conclude that the political and economic environment is favorable to host medium and large projects, which means that the government is working to attract more investment,” President Nyusi said.

He said that the event sits well with the government’s Five Year Plan for 2015/2019 which considers industry as a determining factor in the structural transformation and increased competitiveness of the national economy and also responds to the national development strategy 2015/2035, which considers industrialization a way for the country to achieve prosperity, competitiveness, sustainability and well-being.

At the Nacala Plaza Business Design Hotel, a four star hotel resort, the president explained that the government had chosen tourism as one of four strategic areas with a view to boosting the country’s development on account of its cross-sectoral nature and its potential for other economic and social activities.

For Nyusi, the government had decided to invest in tourism because it believed that it was an activity with the potential to stimulate the diversification of the national economy and, in fact, the sector has in recent years played a role that was, according to the president, the result of increasing investments by private individuals and the public.

“We have a lot of work to do. The vision is that, in 2025, Mozambique will become the best tourist destination in the region, famous for its excellent beaches and other attractions, sensational ecotourism products and fascinating culture, translating into a fast-growing, integrated and sustained tourist industry,” Nyusi said.

By Luís Norberto

Source: Notícias